Why Jerome Powell — not Trump — will decide when the Fed chief steps down

Jerome Powell, as the current Fed Chair, will ultimately decide the timing of his departure, not President Trump. Although President Trump reportedly wishes to remove him, experts indicate that firing the Fed Chair would provoke a legal challenge and destabilize financial markets. This situation highlights the statutory independence of the Federal Reserve and its leadership from direct presidential dismissal. The President's authority over the Fed Chair is limited, underscoring the legal protections afforded to the position.